Row 628

Row ID: 628 | Dataset Entry | Axioma AXP Content Repository

Content Data

This page contains data entry 628 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

One thing you can do is make them sign a security agreement, making their inventory collateral for the extension of credit. This is what we call a “purchase money security interest.” You can then file a “UCC-1” financing statement, typically in the state where they would warehouse the inventory. Then if they don’t pay for the goods, you can file a lawsuit and hopefully collect against the collateral (assuming it still exists at that point). It’s definitely not a perfect solution. You might ask for their last 3 years of financials so you can determine whether they are creditworthy.

There are also trade finance options such as invoice factoring and PO financing.

FieldValue
text One thing you can do is make them sign a security agreement, making their inventory collateral for the extension of credit. This is what we call a “purchase money security interest.” You can then file a “UCC-1” financing statement, typically in the state where they would warehouse the inventory. Then if they don’t pay for the goods, you can file a lawsuit and hopefully collect against the collateral (assuming it still exists at that point). It’s definitely not a perfect solution. You might ask f…
label r/internationaltrade
dataType comment
communityName r/Internationaltrade
datetime 2021-06-03
username_encoded Z0FBQUFBQm5Lakx6bEZZWG8wT2d1SEl0OTNuWlVwZ1JFYXhZSV9QcVQ0YzhFSGdyUGw2Nk8yMTNtLXJTV1hPZ3VTeFRoWHdzcFdZYTNzWXRIZTljM2lSQnZSWWtrNk5Tc1E9PQ==
url_encoded Z0FBQUFBQm5Lak9EOXNRRmRMRzVacExVUjk2bkJjTnJOcm5Vd0tqZXNhY0otUWRuUURRR3RYbmQ0MVdtZjROYmdLS0tSWHRuVmIwVDI2aW12RldaSkVWbXZpRDNEajNWc3JQR3pQdDdtNm5Vc1ZqS2Q3TVFtZ1BFQkpYdUJXcG5od1Vsem5GYlphbzdaZkFyYzR2MUNwZ01PcjlqVWhXUVgyWlUtRGl1d3V1RWUyMlZxOHd3MDN6TnRaclYwbElUZUxLWGFOT3M0SlZCYjFfV1BEY2lxWWRhSndLUE1EZWRIdS1BeVpOTmVQTGkyLUVjNzdYb1pwUT0=

Raw Record

{
  "text": "One thing you can do is make them sign a security agreement, making their inventory collateral for the extension of credit. This is what we call a “purchase money security interest.” You can then file a “UCC-1” financing statement, typically in the state where they would warehouse the inventory. Then if they don’t pay for the goods, you can file a lawsuit and hopefully collect against the collateral (assuming it still exists at that point). It’s definitely not a perfect solution. You might ask for their last 3 years of financials so you can determine whether they are creditworthy. \n\nThere are also trade finance options such as invoice factoring and PO financing.",
  "label": "r/internationaltrade",
  "dataType": "comment",
  "communityName": "r/Internationaltrade",
  "datetime": "2021-06-03",
  "username_encoded": "Z0FBQUFBQm5Lakx6bEZZWG8wT2d1SEl0OTNuWlVwZ1JFYXhZSV9QcVQ0YzhFSGdyUGw2Nk8yMTNtLXJTV1hPZ3VTeFRoWHdzcFdZYTNzWXRIZTljM2lSQnZSWWtrNk5Tc1E9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak9EOXNRRmRMRzVacExVUjk2bkJjTnJOcm5Vd0tqZXNhY0otUWRuUURRR3RYbmQ0MVdtZjROYmdLS0tSWHRuVmIwVDI2aW12RldaSkVWbXZpRDNEajNWc3JQR3pQdDdtNm5Vc1ZqS2Q3TVFtZ1BFQkpYdUJXcG5od1Vsem5GYlphbzdaZkFyYzR2MUNwZ01PcjlqVWhXUVgyWlUtRGl1d3V1RWUyMlZxOHd3MDN6TnRaclYwbElUZUxLWGFOT3M0SlZCYjFfV1BEY2lxWWRhSndLUE1EZWRIdS1BeVpOTmVQTGkyLUVjNzdYb1pwUT0="
}
Explore Dataset Explore Row

Entry Information